Apollo Agriculture, a top agri-fintech startup in Kenya, has raised $10 million in funding from Swedfund and ImpactConnect to bolster its rapid growth across Africa. This financial boost will enable the startup to provide more smallholder farmers with vital resources to enhance profitability, adopt sustainable farming methods, and improve food security.
With the help of modern technology like machine learning and automation, Apollo Agriculture is combatting the unique challenges faced by these farmers. They provide access to high-quality farm inputs, strategic financing, and digital advice through their platform.
Since its establishment, Apollo Agriculture has made a considerable difference, reaching over 350,000 farmers in Kenya and Zambia.
The new funding will facilitate its wider expansion within Kenya, offering more farmers the digital tools and financial assistance needed for success. This investment will not only increase productivity and profitability but also encourage sustainable farming.
By providing farmers with the necessary knowledge and resources to adapt to climate change, Apollo Agriculture is enhancing long-term food security throughout Africa.
This partnership with Swedfund and ImpactConnect is a significant milestone for Apollo Agriculture. The investment positions us to rapidly scale our operations, enabling more farmers to access the essential products and financial services they need to feed their families and communities and adapt to climate change.
This funding unlocks the potential to serve 400,000 additional farmers during the loan’s term, accelerating Apollo’s growth. We are grateful for the trust and confidence that both Swedfund and ImpactConnect have placed in our vision, and we look forward to achieving transformative growth together.
Eli Pollak, CEO, Apollo Agriculture
1 Comment
Pingback: Swedfund invests $5 million in Bridge Bank Microfinance to enhance financial inclusion in Côte D’Ivoire - Innovation Village | Technology, Product Reviews, Business